RPT-India's Unitech shares rally; reaches settlement on Uninor JV

Thursday, 11 Oct 2012 | 12:08 AM ET

SHARES

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MUMBAI, Oct 11 (Reuters) - Unitech shares rose as much as 5.6 percent on Thursday after the company said it has agreed to dispose of its shareholding in its mobile joint venture Uninor after reaching a settlement with partner Telenor

on their legal dispute.

Unitech did not provide details of the settlement due to confidentiality obligations.